How Do You Transfer Money to Cambodia?

anthonyteo

Active member

Member since 22 August 2012

phnom penh

anthonyteo

02 January 2013 02:35:23

55 posts

anthonyteo

02 January 2013 02:35:23

#1

55 posts

phnom penh

Does anyone know what's the best/easiest way to transfer money to Cambodia? I wanted to use Paypal at first, but turns out you need a Visa to open an account in Cambodia. So I need to find other means of doing so now. Any advice?

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dorian293

Member

Member since 07 December 2012

Phnom Penh

dorian293

02 January 2013 04:10:19

19 posts

dorian293

02 January 2013 04:10:19

#2

19 posts

Phnom Penh

the usual western union, moneygram i guess. or direct bank transfer if u have bank account here. but international TT takes 2 days at least.

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Teddylim

Active member

Member since 20 June 2012

phnom penh

Teddylim

02 January 2013 12:42:04

73 posts

Teddylim

02 January 2013 12:42:04

#3

73 posts

phnom penh

What's the cheapest way to transfer money here?

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dorian293

Member

Member since 07 December 2012

Phnom Penh

dorian293

03 January 2013 03:03:02

19 posts

dorian293

03 January 2013 03:03:02

#4

19 posts

Phnom Penh

depends on amount, i guess teddylim, if u have a s'pore friend visiting, ask him to carry it cash. for large amounts, international bank transfer surely better than western union/moneygram.

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kampot

kampot

03 January 2013 12:50:30

0 posts

kampot

03 January 2013 12:50:30

#5

Bankdraft or certified cheque or normal cheque.

open a/c with aba bank.log onto your western country's online ebanking system, you'll be able make t/t trasfer arrived in a few minutes.

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Aaliyah01

Serial expat

Member since 14 February 2012

phnom penh

Aaliyah01

04 January 2013 13:16:36

388 posts

Aaliyah01

04 January 2013 13:16:36

#6

388 posts

phnom penh

anthonyteo are you back yet ?

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splork

Member

Member since 28 December 2012

BKK

splork

04 January 2013 14:06:20

2 posts

splork

04 January 2013 14:06:20

#7

2 posts

BKK

So what I would normally do for a larger sum is by TT via OCBC. Obviously you must first have an account with a local bank here. Otherwise I would simply use my OCBC ATM card to withdraw up to usd 1,000 from one of SBC's ATM kiosk here. The charges are usd 4 to SBC and sgd 5 to OCBC plus bloated exchange conversion rates. These are the typical safe methods. The less safe method is to carry the usd from the airport. Devoid of the additional charges, this should be the cheapest way to transfer money from sg. I find traveler's cheque cumbersome and have not use this method for a long time.

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phnom-penh-services

Contributor

Member since 23 September 2012

phnom penh

phnom-penh-services

07 January 2013 19:34:46

136 posts

phnom-penh-services

07 January 2013 19:34:46

#8

136 posts

phnom penh

You can open an Acleda bank account online, fill out the online form and email a notarized copy of your passport as well.

However any large sums of cash would incur a loss of cash (exchange rate) unless it is $ of course.

You may need to pay it through a reputable money transfer company.

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anthonyteo

Active member

Member since 22 August 2012

phnom penh

anthonyteo

08 January 2013 14:11:18

55 posts

anthonyteo

08 January 2013 14:11:18

#9

55 posts

phnom penh

Thank you everyone for all your suggestions.

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madmax888

Serial expat

Member since 08 December 2010

Sihanoukville

madmax888

15 January 2013 07:44:02

243 posts

madmax888

15 January 2013 07:44:02

#10

243 posts

Sihanoukville

If you have a Cambodian bank,they can accept SWIFT transactions from banks anywhere. Ask the Cambodian bank for their SWIFT id#, relay that number to your stateside account. Most transfers can be done overnight. charges are $45 for the transferring bank, and $10 to receive and process here. I've done it a number of times.

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dhlincali

New member

Member since 10 July 2012

Fresno

dhlincali

04 February 2013 13:06:38

5 posts

dhlincali

04 February 2013 13:06:38

#11

5 posts

Fresno

Caxton FX dollar cards are good if you are from the UK. Im in the uS and have a wife in PP. I use Western Union but their rates are getting ridiculous. Looking for a cheaper alternative but have not figured it out yet. Wish my wife could use an ATM that I could load up with a specified amount every month.

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Piggyphi

Member

Member since 04 June 2013

Paris

Piggyphi

04 June 2013 05:58:29

2 posts

Piggyphi

04 June 2013 05:58:29

#12

2 posts

Paris

Which bank in Cambodia did you transfer to?

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channyhim

channyhim

04 June 2013 07:26:17

0 posts

channyhim

04 June 2013 07:26:17

#13

Western Union

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buildagreg

Member

Member since 21 April 2013

Siem Reap

buildagreg

04 June 2013 11:36:12

14 posts

buildagreg

04 June 2013 11:36:12

#14

14 posts

Siem Reap

Piggyphi :

Which bank in Cambodia did you transfer to?

you need multiple entry visa 12 months and a letter from police ""head of tourist"" in which ever city you are living to open an account and then you can transfer money into your new account, either from a bank or from a trading account futures /stock market for less than banks 3% exchange rate plus fees.usually 1 to 1.5%and no fee if over 5000usd.hope this helps.

or western union as stated for one off transactions.

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Piggyphi

Member

Member since 04 June 2013

Paris

Piggyphi

04 June 2013 14:25:16

2 posts

Piggyphi

04 June 2013 14:25:16

#15

2 posts

Paris

Dear buildagreg:

thank you very much for your response.

Actually, i am Cambodian and I can ask my sis to open a/c in any bank yet I would like to know which bank will charge the least for receiving my transfer.

Thank you very much.

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buildagreg

Member

Member since 21 April 2013

Siem Reap

buildagreg

05 June 2013 02:46:21

14 posts

buildagreg

05 June 2013 02:46:21

#16

14 posts

Siem Reap

Piggyphi :

Dear buildagreg:acleeda bank

thank you very much for your response.

Actually, i am Cambodian and I can ask my sis to open a/c in any bank yet I would like to know which bank will charge the least for receiving my transfer.

Thank you very much.

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phnom-penh-services

Contributor

Member since 23 September 2012

phnom penh

phnom-penh-services

05 June 2013 09:55:07

136 posts

phnom-penh-services

05 June 2013 09:55:07

#17

136 posts

phnom penh

Acleda bank has a minimum charge of $9 for incoming international bank transfers as I remember.

I have a Canadia bank account here in Phnom Penh and I lose between 5-7% of the incoming amount of an international bank transfer from a non USD currency.

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solid01

Member

Member since 29 June 2013

lowell, mass

solid01

29 June 2013 04:52:34

1 post

solid01

29 June 2013 04:52:34

#18

1 post

lowell, mass

Hi, I want to transfer money to my friend in cambodia.

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dosolto

ViP

Member since 28 April 2011

Phnom Penh

dosolto

29 June 2013 05:01:38

1103 posts

dosolto

29 June 2013 05:01:38

#19

1103 posts

Phnom Penh

solid01 :

Hi, I want to transfer money to my friend in cambodia.

Hi.You can.Western unionMoney Gramor a bank transfer if she has a bank account.

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meamop

Active member

Member since 08 August 2013

Barcelona

meamop

08 August 2013 03:41:30

29 posts

meamop

08 August 2013 03:41:30

#20

29 posts

Barcelona

can I transfer money to someone back in the US if I keep my American bank account?

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TexAG

New member

Member since 17 June 2017

TexAG

24 June 2017 04:12:13

9 posts

TexAG

24 June 2017 04:12:13

#21

9 posts

Hi Piggiphi. I'm ex pat UK. With a Cambodian wife, & we live In Siem Reap, been here now just short of 3 years. We have an account with Acleda. I haven't found a cheap way of transferring money here yet and I have looked. SWIFT transfer is the best in my humble opinion. However as I am a British national My money is in pounds sterling. My bank therefore take their commission to transfer it to US dollars then £10 to do the SWIFT transfer, (3--5 working days why?? I have no Idea) it can be done online, then Acleda bank take their acceptance commission before I can access it, I just use my UK bank TSB ATM visa card. If anyone out there knows a better way prey tell. ***. Bon chance tout lamond. T.

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